The National African American Small Business Loan Fund Overview
- Fund Type
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Direct Lending
- Fund Status
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Closed
- Fund Manager
- Valley Economic...
- Size
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- Vintage
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2016
- Dry Powder
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The National African American Small Business Loan Fund General Information
Description
The National African American Small Business Loan Fund is a direct lending fund managed by Valley Economic Development Center. The fund is located in Sherman Oaks, California and invests in Africa and America. The fund is a lending program for African American-owned small businesses in New York City, Chicago and Los Angeles. The fund will boost economic opportunity for minority-owned businesses in these cities and help them serve low-income communities by providing them with greater access to capital, technical assistance and financial consulting. JPMorgan Chase Foundation has contributed a $3 million grant to help VEDC reach its goal of creating a USD 30 million loan fund. The average loan will range from USD 35,000 to USD 250,000.The fund will also provide small business loan recipients with technical assistance such as networking, marketing, business plan development and financial consulting.
Contact Information
Fund Manager's Location
- 5121 Van Nuys Boulevard
- Suite 300
- Sherman Oaks, CA 91403
- United States
The National African American Small Business Loan Fund Investment Strategy
Investments by Industry
Investments by Deal Type
The National African American Small Business Loan Fund Limited Partners (1)
JP Morgan Chase is the sole limited partner of The National African American Small Business Loan Fund. Its latest Original was on 23-Oct-2015.
| Limited Partner Name | Type | Status | Commitment | Date | Commitment Type |
|---|---|---|---|---|---|
| JP Morgan Chase | Current | 23-Oct-2015 | Original |
The National African American Small Business Loan Fund Returns Data
The below charts are illustrative of the type of graphical data available to our clients and do not represent live data.
IRR (%)
DPI (x)
RVPI (x)
TVPI (x)
The National African American Small Business Loan Fund Benchmark (211)
| Fund Name | Fund Type | Vintage | IRR | Quartile | As of Date |
|---|---|---|---|---|---|
| Women Entrepreneurs Debt Fund | |||||
| Blackstone Real Estate Debt Strategies III | 31-Dec-2024 | ||||
| AllianceBernstein U.S. Real Estate Partners II | 30-Jun-2024 | ||||
| WG DST 2 | |||||
| Midwest Industrial Redevelopment Fund | |||||
| WG DST 4 | |||||
| WG DST 3 | |||||
| AP Mezzanine Partners II | |||||
| Connor Group Debt Fund IX | |||||
| Capitala Private Credit Fund V | 30-Sep-2021 |
The National African American Small Business Loan Fund FAQs
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What is The National African American Small Business Loan Fund?
The National African American Small Business Loan Fund is a direct lending fund managed by Valley Economic Development Center.
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Who manages The National African American Small Business Loan Fund?
The National African American Small Business Loan Fund is managed by Valley Economic Development Center.
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Where is The National African American Small Business Loan Fund domiciled?
The National African American Small Business Loan Fund is domiciled in United States.
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What is The National African American Small Business Loan Fund's size?
The National African American Small Business Loan Fund has a size of .
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What type of fund is The National African American Small Business Loan Fund?
The fund type of The National African American Small Business Loan Fund is Direct Lending.
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What is the status of The National African American Small Business Loan Fund?
The National African American Small Business Loan Fund is closed.
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